FINTECH-DRIVEN FINANCIAL INCLUSION: OPPORTUNITIES AND CHALLENGES

Abstract

Financial Technology (FinTech) has emerged as a transformative force in the global financial sector by enhancing accessibility, affordability, and efficiency of financial services. Through innovations such as mobile banking, digital wallets, online lending platforms, peer-to-peer payment systems, and digital financial services, FinTech has significantly contributed to financial inclusion. Financial inclusion refers to the availability and accessibility of formal financial services to all segments of society, particularly underserved and unbanked populations. This study examines the impact of FinTech adoption on financial inclusion, highlighting its role in expanding financial access, reducing transaction costs, and promoting economic participation. The paper further explores challenges, opportunities, and future prospects associated with FinTech-driven financial inclusion. The findings indicate that FinT